By Alan Wolf, YSN
The pandemic-hobbled mattress industry sprung back to life in the third quarter, posting double-digit gains following a second quarter of sales declines.
Citing the latest Bedding Market Quarterly report from the International Sleep Products Association (ISPA), trade publication FurnitureToday said total retail dollar value for mattresses and foundations soared nearly 14 percent in Q3 while unit volume rose almost 7 percent.
The increases mark a sharp turnaround from the first half of the year, when the total bedding market was down 4 percent in dollars and 0.5 percent in units, according to the ISPA.
Broken out by origin and product segment, the third-quarter tabulations also revealed that:
- Imported mattresses saw a 67-percent increase in dollar value and a 69-percent spike in units;
- U.S.-made mattresses were up 9.1 percent in dollars and ahead 1.5 percent in units; and
- Total motion foundations were up 50 percent in dollars and 21 percent in units.
The lone drag on third-quarter business was stationary foundations both domestic and imported, which saw a 9.3 percent decline in dollars, a 7.2 percent decrease in units, and a 2.7 percent slip in average unit price, to $76.18, FurnitureToday reported.
In contrast, the average unit price for mattresses was up 7.6 percent in the third quarter, to $436.02, the ISPA report showed.
According to the trade association, its Bedding Market Quarterly is based on a large sampling of the U.S. mattress industry and reflects national and regional sales of mattresses and foundations and retail price point data.
Hat tip to FurnitureToday.